PreSale_RegionalSnapshot_July2019

pre-sale pricing snapshot

highlights • The data presented below are price per square foot (PPSF) averages for woodframe pre-sale homes, based on the date of each project’s first home sale. •  Woodframe pre-sale projects in Greater Vancouver that have launched in 2019 (through June) have sold at an average PPSF of $657, 1.3% above the 2018 year-end average of $649.

AS OF JULY 2019 WOODFRAME

2018 & 2019 YTD WOODFRAME PRE-SALES

squamish

squamish

< $499 $500 - $749 $750- $999 $1,000 - $1,249 $1,250 + RAPID TRANSIT LINES (EXISTING & FUTURE) MUNICIPAL BOUNDARIES 2018 & 2019 ytd woodframe pre-sales 2018 2019 YTD

WOODFRAME PRICE PER SQUARE FOOT BY SALES START YEAR

CURRENT AS OF JUL 5, 2019 2012

$469 $473 $476 $493 $588 $799 $823

$414 $438

$305 $488 $397 $346 $428 $506 $614 $619

$299 $313 $331 $336 $381 $471 $561 $535

$380 $398 $373 $415 $508 $681

$312 $296 $350 $349 $403 $444 $502

$530 $725

$525 $523 $485 $593 $716

$448 $488 $480 $513 $601 $711 $824

$432 $433 $479 $484 $526

2013 2014 2015 2016 2017 2018

$334 $329 $353 $405 $569

$478 $559 $596

$747 $759 $707

$453 $487 $683

$369

$620 $862

$410 $542

$906 $1,244 $791 $1,028 $1,624 $912

$377

$586 $602

$760 $603

$500 $646 $649

2019 YTD $804

$701

$763

$627

$1,030 $1,553

$525

$657

Copyright©2019 renniegroupofcompanies.All rights reserved.Thismaterialmaynotbe reproducedordistributed, inwholeor inpart,without thepriorwrittenpermissionof the renniegroupofcompanies.Currentasof July5,2019.Alldata fromNHSLiveUrban Analytics&Rennie.While the informationanddatacontainedhereinhasbeenobtained from sourcesdeemed reliable,accuracycannotbeguaranteed. renniegroupofcompaniesdoesnotassume responsibilityor liability forany inaccuracies.The recipientof the information should take stepsas the recipientmaydeemnecessary to verify the informationprior toplacingany relianceupon the information.The informationcontainedwithin this report shouldnotbeusedasanopinionof value, suchopinions shouldandcanbe obtained froma rennieandassociatesadvisor.All information is subject tochangeandanypropertymaybewithdrawn from themarketatany timewithoutnoticeorobligation to the recipient from renniegroupofcompanies.E.&O.E.

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